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#Ethereum Price Analysis

ETH to USD, 10th May: Ethereum Price Analysis, Will Follow BTC Surge?

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Ethereum price is currently trading within a range above $165 support level. ETH might soon move over the $172 and $175 resistance levels.

Technical Indicators:

Support Level: $165

Resistance Level: $172, $175

 

Key Points:

  • Ethereum price is supported well on the downside at around $165 which helped in the recent recovery.
  • The resistance around $172 is proving to be a hurdle for ETH to rise, despite the massive surge in the price of bitcoin.
  • ETH was able to break through the bearish pattern line that was being formed on the hourly chart yesterday with resistance around $168.
  • Ethereum price might soon test the $172 and $175 resistance levels in the short term

 

Ethereum Price Analysis:

SUMMARY: Ethereum price is currently trading within a range above $165 support level. However, the overall momentum is quite positive against the USD. ETH might soon move over the $172 and $175 resistance levels.

 

From the past few days, Ethereum price has been struggling to move above the $172 resistance zone. After testing this level, ETH price recently fell towards the $164-165 support level where buyers emerged and stopped further losses. Afterward, Ethereum price was able to break through $170 resistance level again, however, could not clear above the $172 resistance and corrected downwards towards $165 support again.

 

Recently, Ethereum price moved back above the $168 level and the 100 hourly SMA. Also, ETH was able to break through the bearish pattern line which was being formed on the hourly chart yesterday, with resistance around $168. However, currently, Ethereum is trading within a short range below the $172 resistance level which is proving to be a strong hurdle for ETH. There are chances that ETH might fall towards $165 support level before a fresh rise could start.

 

It is very essential for Ethereum price to break above the $172 resistance level in order to move towards the more major resistance levels which are $175 and $180. Currently, there is minor support around $167 and the major support around $165.

 

ETH to USD Price Chart 10th May

ETH to USD Price Chart 10th May

The chart shows Ethereum price is currently trading within a short range below $172 resistance level. If we consider the recent surge in the price of  Bitcoin, it will not be unsurprising if Ethereum follows BTC and quickly moves over the $172, $175 and $180 resistance levels to target $185, $190 and $200 levels in the short term.

#Ethereum Price Analysis

ETH to USD, 17th May: Ethereum Price Analysis, About to Crash?

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Ethereum price moved ahead and tested the $280 resistance and later started to correct downwards. ETH is currently supported at $250 and $230 levels.

Technical Indicators:

Support Level: $250, $230

Resistance Level: $270, $275

 

Key Points:

  • Ethereum price moved upwards to test the $280 resistance level before starting to correct downwards.
  • The sellers pushed the price below $270 and $260 support levels.
  • A bullish pattern is being formed on the hourly chart with the support at around $250.
  • It is very essential for Ethereum price to stay above $250 and $230 support levels in order to maintain its upward trend.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price moved ahead and tested the $280 resistance and later started to correct downwards. ETH is currently supported at $250 and $230 levels.

After falling back to the $240 level, Ethereum price started to rise massively and broke above $250 and $260 resistance levels. ETH even broke above $270 resistance level and even tested the $280 resistance level and recorded a new yearly high at around $280 before starting to correct downwards. The bears pushed the price below $270 and $260 support levels. The $250 area acted as a decent support and stopped further losses.

 

Currently, ETH price is facing a lot of pressure around $270 which might push the price towards testing the $250 and even $230 support levels. There is currently a bullish pattern being formed on the hourly chart with the support at around $250. However, if ETH breaks below this level, it might start a downward momentum and move towards $230 below which the overall momentum might turn bearish. The $230 support and the 100 hourly SMA is a very crucial area for Ethereum price currently as a break below this level could turn ETH price towards $200 and even $180 levels.

 

ETH to USD Price Chart 17th may

ETH to USD Price Chart 17th May

The chart shows that Ethereum price is currently struggling to maintain its position above $250 and might soon move towards testing the $230 or even $200 level before it could start a fresh upward momentum. It is very essential for ETH to break and settle above $270 level in order to maintain the bull run.

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#Ethereum Price Analysis

Alert: ETH to USD, 16th May: Ethereum Price Analysis

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Technical Indicators:

Support Level: $260, $255, $245

Resistance Level: $270, $290, $300

Key Points:

  • Ethereum price surged massively in the last 24 hours breaking above $250 resistance level.
  • ETH gained more than 20% and tested the $270 range.
  • A bullish pattern is also being formed on the hourly chart with support around $245.
  • If the bulls remain in action, Ethereum might soon test $300 resistance level.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price picked up bullish pace and gained more than 20% in just 24 hours. ETH tested $270 level and looking at the current momentum, it seems that ETH might soon test $300 level.

 

Ethereum price increased massively yesterday after breaking through the $220 resistance level The bulls took control and broke above the major resistance around $240 and $250 levels. The buyers pushed the price towards $270 resistance level where a lot of sellers were placed and ETH started to correct a few points downwards. However, the $260 level turned into decent support and currently Ethereum price is trading well above this level and the 100 hourly SMA.

 

Ethereum price recorded a high at around $270 and is still in a bullish momentum and ETH might soon break above the level to test the $300 resistance zone. On the downside, Ethereum is well supported around $260 below which ETH might test $255 and $245 support level. Also, there is a bullish pattern being formed on the hourly chart with the support at around $245 which might push the price upwards again. The current resistance for ETH lies around $270 above which the price might surge towards $290 and $300 levels. The $300 level is currently most crucial for ETH.

 

ETH to USD Price Chart 16th May

ETH to USD Price Chart 16th May

The chart shows that Ethereum price is currently moving upwards will a bullish force and trying to break above $270 resistance. The overall momentum is quite positive and ETH might test $290 and $300 levels in the coming sessions.

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#Ethereum Price Analysis

ETH to USD, 15th May: Ethereum Price Analysis, Bulls vs Bears12

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Ethereum price spiked upwards and broke above $210 and $220 levels. ETH is currently in an uptrend and will most likely test $225 and $230 levels.

Technical Indicators:

Support Levels: $210, $200

Resistance Levels: $225, $230

 

Key Points:

  • Ethereum price broke above $210 resistance and even tested the $225 resistance zone.
  • As long as ETH is above $200, it is in a positive zone and might soon test $225, $230 and $240 resistance levels.
  • A bull pattern is being formed on the hourly chart with the support at around $210.
  • ETH is currently supported at $210 and $200 levels.

 

Ethereum Price Analysis:

SUMMARY: Ethereum price spiked upwards and broke above $210 and $220 levels. ETH is currently in an uptrend and will most likely test $225 and $230 resistance levels soon.

 

Ethereum price traded with a bullish momentum yesterday and broke above $210 resistance level. $200 level was turned into good support for ETH which helped in clearing above $210 level. The bulls were able to push the price well above the 100 hourly SMA and $215. Ethereum price soon moved over $220 and even tested the $225 resistance level where sellers appeared and ETH started a downward correction.

 

The current support for ETH lies at $210 below which it might test $200 level. A bullish pattern line is also being formed on the hourly chart with the support at $210. If ETH is able to break above $225 resistance level, it might soon test $230 and $240 levels. However, it seems that Ethereum price might correct downwards towards $210 or even $200 levels before it can start a fresh bull run.

 

ETH to USD Price Chart 15th May

ETH to USD Price Chart 15th May

The chart shows that Ethereum price is currently trying to gain momentum above $210 and $200 support levels. Until Ethereum stays above $200, it is in a positive zone and might move towards $225 and $230 levels soon. However, the momentum might turn bearish if ETH falls below $200 support level.

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